Lead Cost Control Engineer


Job Description



& Experience

BSc in Engineering.

11years experience in Project cost control.

Cost control techniques and software skills.

High level skills in communication, planning & organization, follow up, problem solving, know how, team work, cost analysis, initiatives, supervision

Good personality & character

Fluent in written and spoken English including technical writing.

Computer literate with familiarity of major software’s related to data handling and cost control systems.

Commercial, financial, contractual and accounting terms /standards awareness and Knowledge.

Offshore/onshore oil & gas EPC contracting industry awareness and knowledge.

Role / Purpose

In charge of project budget and cost control services for large projects (USD 50-200M) that require high calibre level, in order to meet set targets in terms of project profitability, CPI and cost effectiveness.

Accountabilities / Duties / Responsibilities

Accountable for project budget and cost control services for large projects.

Review & analyse the Estimated CHOD.

Liaise/ communicate with all concerned to ensure adequate cost control services and optimum results (PMT, Finance, Planning team, Operating centres, QSs, etc)

Analyse feed back and ensure accuracy.

Deliver project budget & monthly cost control reports by segment and by cost centres (Material, Engineering, operation, Sub-Contracts, etc).

Prepare & issue executive weekly financial status report.

Provide finance department with VOWD (Cost & income), detailed project forecast cost and major concerns.

Analyse and monitor project cost performance against budget, identify variances and initiate early warnings for overrun.

Issue exception reports for variances follow up concerns until corrective action is taken.

Attends periodic meetings with PMT, operating centres and finance to assess cost performance.

Carry out site visit to follow up cost control issues.

Prepare & update project cash flow and financial trend in liaison with planning team and finance.

Verify S/C invoices, as applicable, & ensure compliance with actual return & contract terms.

Liaise with Sr. QS to assess variation orders/claims before approval.

Provide customised cost analysis scenarios, as and when required.

Provide monthly project CPI status and gross profit margin status.

Participate in completing financial close out report in liaison with PMT and finance.

Supervise CCEs work ensure accuracy, completeness and timely issuance.

Resume the duty of CCE or Cost Control Manager during his absence.

Participate in producing a revised cost rates for future projects and norms update.

Encourage cost consciousness and awareness.

Participate in the enhancement process for cost control system.

Compliance in accordance with PCS procedures and HSE Standard.

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